£1,165,000
April 2021
Our clients were looking to sell their apartment so they could make the move to a much larger house we had found for them in Brook Green.
Maida Vale, W9
Our clients were looking to sell this lateral three-bedroom apartment in Maida Vale so they could make the move to a much larger house we had found for them in Brook Green. Therefore, we not only managed the sale for our client, but we also assisted them with their onward search – part of Black Brick’s award-winning and uniquely holistic approach to helping our clients.
Due to Covid, the demand for apartments with no significant outside space in London was at an all-time low. This combined with lockdown restrictions meant that it was a tough environment to sell central London flats. In the midst of Lockdown 3, we successfully found two chain free buyers who submitted competing bids for the flat. The sale was agreed with the higher of the two bidders at £1,106/sqft (for a total consideration of £1,165,000, within 3% of the £1,200,000 asking price). An almost identical flat next door in the same building only achieved £1,030/sqft last year. The sale we agreed was the highest £/sqft achieved for a second floor flat on the road since 2016. This allowed our clients to tie in the sale of this flat with their onward purchase which not only saved them the higher rate of stamp duty but also the higher borrowing cost too.
We have the experience, expertise and patience to manage sales in very challenging markets and in doing so are able to reach record prices for our clients. Acting for fewer sellers means we have the time and dedication to deliver a successful sale, no matter the market.
We would be delighted to hear from you to discuss your own property requirements. For a non-obligatory consultation, please contact us.
